In present era of globalization “governance” and “good governance” are being increasingly getting implemented and practiced. Bad governance is considered as one of the major root causes of all irregularities and evil in the society and has a deep impact on economic environment.
International financial body like World Bank and IMF are now facilitating loan and advances to the nations on the conditions that they are practicing “Governance” and “good governance”.
•It is also defined as “the manner in which power is exercised in the management of a country’s social and economic resources for development”.
•Governance means “the process of decision making and the process by which decisions are implemented or not implemented.
•It can be viewed as the exercise of economic, political and administrative authority to manage a country’s affairs.
•It is also been defined as “the manner in which power is exercised in the management of a country’s economic and social resources for development.
•It is used in several contexts among them most widely used as corporate governance, national, international and local governance.
•It is well defined mechanism, a establish process and institutions which is been used by the citizens and groups to articulate their interest, exercise their legal rights, meet their obligations and mediate their differences.
Every day, we are reminded of the changes needed for economic and social progress, but not that institutions are the channels through which such changes can happen. We would do well to consider what is meant by (and can be accomplished through) participation, how participation grows out of democratic processes, how these processes depend on the structure of institutions, and how institutions originate from (and are supported by) human resources. Only then will we understand better the processes of progress and picture more accurately the necessarily diverse levels of the organizational setups on which progress depends.
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Professor Zafar, my opinion is the term "governance" and "good governance" , used by the World Bank is a new fashion of new liberal economy. The world bank coined the term in "Sub-Saharan Report" in 1989 for their own benefit. Governance is a fashion where non-governmental actors has a scope for participation. The World Bank approved loan to a country where is good governance; means rule of law, transparency, accountability in governance. On the other hand corruption as a non-curable disease is in every where accross world. Yes, it is manageable where democracy is strong, rule of law is there, accountability and transparency are there, participation is clear. So where minimum eight features of governance fixed by the World Bank such are already mentioned are considered as good governance.
Every political system must be governed-governance justified.
States, through governments perpetually struggle to achieve set goals of development and stability, using various means including corruptive tendencies to outshine one another.
Therefore, good governance is the availability of basic necessities of life including infrastructure, made available by every state government, to the benefit of the citizens/people.
At this juncture, good governance can be proven in a globe riddled with corruption.
My friend Yusuf Ajoge, how can you say presence of infrastructure and provision of basic life necessities in a country full of corruption a sign of proving good governance? Most of these developing countries are the ones engulfed with corruption practices. Most of their leaders on theory they preach developmental theories but in practice they enhance corruption and tribal ideologies.
I agree with you 100% when you say they struggle to achieve set goals of development and stability. World Bank and IMF should provide loans plus control measures. there must be total accountability to the monies given even though these states claim independence.
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